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Yes included - demo not required as it clean block. I have included all those costs in $1700 per sqm rate

Just wanted to get a sanity check on a number of calcs I did to figure out if subdiving and building 2x townhouses on a Melb metro block stacks up... here it goes.. Land value: $640k Build cost per townhouse: $272k (approx. 160sqm @ $1700 per sqm - mid level finish incl all professional...

Interested in building townhouses in this style.. Does this generally cost more eg. Mansard roof etc. Looking for some recommendations for architects in melb who can do this style.

Went to auction last sat in banyule.. ESR $720-780.. 2 bidders. Sold for 880ish.. Reserve around 810 I think

Hi all, Its finally coming up to the stage where I am going to enter the development game. My plan is to build 2x townhouses on a nearly 700sqm block in Melb. I am organising financing to cover the expected cost of 250-300k per townhouse. Block is approx. 16m x 42m (16m is the footpath...

Often touted by the mainstream media that Melbourne will overtake Sydney as Australia's largest city sometime in the next 20 years. Common reasons brandied about are that Sydney is bounded mountain regions on all sides hence cannot easily grow outwards therefore they can only grow into higher...

I have a home rebuild (as part of insurance claim) in nrth east melb starting up in early July - building is 3br brick home of approx. 180sqm. Project value is approx. $300-400k. Block is gentle slope. I have a full scope and specification doc (and floorplans early next week). Looking for...

My IP was destroyed by a fire last month and now it's up to the rebuild tender phase so I am seeking some advice on best way to approach this... Building surveyors report will come out in the next week which outlines the scope of the rebuild (sqm, level of finish, features) Then the...

Hi all, Going to embark on a townhouse build.. Scope approx 185sqm $300-350k budget in North East Melbourne. Typical tenants in this area is families (school is walking dist and uni students.. Uni is 2min drive). Block is close to 700sqm. Plan is to build.. Rent (claim depreciation for few...

This whole episode has made me think about updating my PPOR insurance.. a quick calc shows that its 336sqm on a gentle slope block with double brick downstairs (split level).. 1960s build but fully revonated recently...comminsure calculator comes back saving its worth $1.1M to rebuild to a...

Good point - Yes mortgage is with CBA. On face value its probably cheaper for them not to pay and let me default (more likely I would have sold off the land to pay off the mortgage). Having said that, I do use alot of their other services... credit cards, banking, commsec etc so that probably...

Although alot people say Comminsure is terrible.. I can't speak more highly about them... I suffered total loss due to macilious tenant damage... I did not have that specific optional cover selected (major oversight on my behalf)... After a few sleepless weeks they said even though my policy...

I did a proposal to subdivide this a few years ago.. max was 2 townhouses due to private open space requirements Sounds good however I was concerned with the higher level of risk a 2x townhouse project involves vs 1 house built by insurance company then do the second project afterwards - Oz...

I have around 700sqm block which is in the process is being demolished as part of insurance claim.. The insurance company will rebuild the original house and pay for loss rent during the construction phase. After this is built, I am interested in subdividing and building a townhouse in back...

quick calcs suggest both options are in the same ballpark.... heres the calcs... build costs: 500k @ $250k each (180-200sqm size) sell price: 1300k @ $650k each net: 800k profit: 800k - 400k (loan) = 400k vs insurance payout + sell land insurance payout: $300k land sale: $500k total...

I investigated doing 2x townhouses a few years ago.. it was budgeted around 200-250k per townhouse (3br 2bathroom).. approx. 200sqm

Block is around the 700sqm.. and worth around 500-550k I guess Loan is around 400k (I have no paid any of it off as it was neg geared)

Hi all, Recently my IP (in melb) was burnt to the ground. Ongoing investigation strongly implies the tenant is to blame however the final report isnt due for a few weeks. So sadly, my 1st and only IP which I held for 7 or so years is a pile of ashes and molten plastic. :mad: Anyhow...

Hi all, Can someone give me a simple breakdown of building costs for a 300k average new house in Melbourne. This will be going on a 700 sqm block (potentially might consider 2x townhouses). e.g. architect fees 10-15k concrete slab 10-15k roofing 20-30k kitchen shelving 6-8k bricks 10k...

I realised an error in our tax returns in company tax returns FY08 for a small biz we used to run. I note that ATO states at records must be kept for 5 years after tax return is issued so I am wondering whether I would need to redo this tax return. Overall - the net result is zero due to...